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2-bed · 890 sqftRigel Tower, Jumeirah Village Circle (JVC) · 5th floor · completed 2021

511, Rigel Tower

Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 27 September 2024
Last soldAED 775K1 November 2020
Current rentAED 90K /yr27 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 511, Rigel Tower

What is 511 worth today?

Last sold for AED 775,000 in 2020

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27 Sep 2024RentedNew contract
AED 90,000/yr12 months · AED 101 per sqft
15 Jul 2024RentedNew contract
AED 90,000/yr12 months · AED 101 per sqft
24 Jan 2024RentedNew contract
AED 90,000/yr12 months · AED 101 per sqft
12 Jan 2023RentedRenewal
AED 64,000/yr12 months · AED 72 per sqft
12 Jan 2022RentedNew contract
AED 64,000/yr12 months · AED 72 per sqft
11 Nov 2021RentedNew contract
AED 64,000/yr12 months · AED 72 per sqft
1 Nov 2020Sold by developerOff-plan
AED 775,000AED 871 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 September 2024.

Key facts

Type
2-bed apartment
Size
890 sqft
Floor
5th of 5
Parking
P165
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 775K · November 2020
Building
Rigel Tower

About 511, Rigel Tower

511 is a two-bedroom apartment of 890 sqft on the 5th floor of Rigel Tower, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2021 by Myra Real Estate Deveiopment. The developer sold it on 1 November 2020 for AED 775,000, or AED 871 per sqft, in line with the AED 865 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 27 September 2024, is AED 90,000 a year: a gross yield of 11.6% on the 2020 price.

Sales and rents for 511 over time

Sales
Unit 511, each saleTypical two-bed in Rigel Tower
800K1M202020222024Typical sale price by year: 2020 AED 775,000; 2021 AED 745,000; 2022 AED 800,000; 2023 AED 877,500; 2024 AED 1,090,000Sold by developer, November 2020: AED 775,000 (AED 871 per sqft)

511 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 511, each contractTypical two-bed in Rigel Tower
60K80K100K202120232025Typical rent by year: 2021 AED 65,000; 2022 AED 70,000; 2023 AED 75,000; 2024 AED 90,000; 2025 AED 95,500New contract, November 2021: AED 64,000 a yearNew contract, January 2022: AED 64,000 a yearRenewal, January 2023: AED 64,000 a yearNew contract, January 2024: AED 90,000 a yearNew contract, July 2024: AED 90,000 a yearNew contract, September 2024: AED 90,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Rigel Tower, and where 511 sits

All 31 2-beds →

511 last sold in November 2020 at AED 871 per sqft, in line with what two-beds in Rigel Tower were fetching at the time (AED 865).

Recent 2-bed salesUnit no.Price (AED)Summary
19 Dec 20241,080,000
26 Nov 20241,200,000
19 Sep 20241,000,000
4 Jun 20241,100,000
0 2-bed sales in the last 12 months

Rigel Tower

Building

306 apartments, studios to 4-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2021 by Myra Real Estate Deveiopment. 1 sold in the last 12 months.

Typical price per sqft
AED 1,060
Typical sale
AED 990K
Typical rent
AED 76K /yr
Typical yield
8.8%
Rigel Tower, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 5th floor

All 306 units in Rigel Tower
Value
5011-bedAED 840K · Oct 2023
502StudioAED 394K · Jul 2020
5031-bedAED 750K · Sep 2023
504AED 955K · Oct 2025
5052-bedAED 750K · Nov 2020
506AED 950K · Jan 2024
5072-bedAED 760K · Sep 2020
1–7 of 33

511, Rigel Tower in numbers

  • Sold once: by Myra Real Estate Deveiopment on 1 November 2020 for AED 775,000, or AED 871 per sqft.
  • Rented since November 2021 on 6 Ejari contracts, from AED 64,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2020 price is 11.6%.

Source: YallaValue analysis of Dubai Land Department records. Updated 27 September 2024.

Questions about 511, Rigel Tower

What did unit 511 last sell for?

AED 775,000 on 1 November 2020, sold by the developer: AED 871 per sqft for 890 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 90,000 a year on the contract signed on 27 September 2024. The previous contract, from July 2024, was AED 90,000; the unit has been rented since November 2021.

How big is unit 511?

890 sqft (82.7 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2021.

What is unit 511 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 511, Rigel Tower

Starts from the last sale price (AED 775K, 1 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 775,000
Deposit, UAE resident (20%)
AED 155,000
Deposit, non-resident (40%)
AED 310,000
Monthly over 25 years at 3.7%
AED 3,171

Plus AED 37,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →